Reference: Ref 12-1 (Table: Oil Pumps) Refer to the table. Suppose that we want to produce seven barrels of oil. To minimize costs, we should produce:
A) all seven barrels of oil from Oil Pump Two.
B) three barrels of oil from Oil Pump One and four barrels of oil from Oil Pump Two.
C) one barrel of oil from Oil Pump One and six barrels of oil from Oil Pump Two.
D) all seven barrels of oil from Oil Pump One.

Question

Reference: Ref 12-1 (Table: Oil Pumps) Refer to the table. Suppose that we want to produce seven barrels of oil. To minimize costs, we should produce:
A) all seven barrels of oil from Oil Pump Two. 
B) three barrels of oil from Oil Pump One and four barrels of oil from Oil Pump Two. 
C) one barrel of oil from Oil Pump One and six barrels of oil from Oil Pump Two. 
D) all seven barrels of oil from Oil Pump One.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 12-1 (Table: Oil Pumps) Refer to the table. Suppose that we want to produce seven barrels of oil. To minimize costs, we should produce:
A) all seven barrels of oil from Oil Pump Two. 
B) three barrels of oil from Oil Pump One and four barrels of oil from Oil Pump Two. 
C) one barrel of oil from Oil Pump One and six barrels of oil from Oil Pump Two. 
D) all seven barrels of oil from Oil Pump One.

Reference: Ref 12-1 (Table: Oil Pumps) Refer to the Table